The virus crisis will bring outperforming Australian banks back into line with international peers, according to KPMG partner and bank strategy lead Hessel Verbeek, forcing the big four to up their game on costs and search even harder for efficiencies.
KPMG says it's safe to say we are looking at single digit returns on equity. Bloomberg
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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
